A million more people joined the ranks of the global super-rich last year, almost a third of them in Asia, as soaring stock markets helped bolster the fortunes of wealthy investors. The number of "high net worth individuals" climbed by 10% in 2012, taking the total worldwide to 12m, according to research by Royal Bank of Canada and consultancy Capgemini. ...

Perfectly timed given the Cypriot President's call for better terms, we look at what really went on to crush this tiny island nation... Submitted by Charles Hugh-Smith of OfTwoMinds blog, Not only is the bail-in a direct theft of depositors' money, the entire bailout of Cyprus is essentially a wholesale theft of national assets. Here is Part 2 of our ...

Cyprus' President Nicos Anastasiades has realized (as we warned), too late it seems for the thousands of domestic and foreign depositors who were sacrificed at the alter of monetary union, that the TROIKA's terms are "too onerous." Anastasiades has asked EU lenders to unwind the complex restructuring and partial merger of its two largest banks leaving EU officials "puzzled", according ...

Cyprus' President Nicos Anastasiades has realized (as we warned), too late it seems for the thousands of domestic and foreign depositors who were sacrificed at the alter of monetary union, that the TROIKA's terms are "too onerous." Anastasiades has asked EU lenders to unwind the complex restructuring and partial merger of its two largest banks leaving EU officials "puzzled", according ...

Cyprus' president is asking EU leaders to completely alter the country's $13 billion bailout. This is according to an exclusive report from the FT's Peter Spiegel. President Nicos Anastasiades warned in a letter  that the small island nation might not be able to meet the terms of the rescue agreement because it had harmed the country's economy too much. From the ...